When the pandemic closed the theme parks, Disney and Universal had to work for several months after the reopening to fix the financial loss.
Disney is still making up for that deficit and just started making profits not long ago. Still, it looks like Universal Orlando has recovered from the reopening with resounding success.
According to the Orlando Sentinel, Universal shared today in a earnings call that the last quarter for Universal Orlando Resort was the most profitable quarter ever. Thanks to Orlando’s gains, Universal’s theme park division also had its most profitable quarter since the pandemic began.
So in what period of time was that? Well, the third quarter of Comcast Corp. (owner of Universal and Universal Orlando) began in July and ended on September 30th. Universal Orlando’s revenue was not specifically disclosed during the call, but the company shared that the theme park’s total revenue in the third quarter was more than $ 1.4 billion.
No park attendance numbers were given, but Comcast Corporation CEO Brian Roberts specifically noted, “Our results at NBCUniversal continue to be driven by the ongoing recovery of our national theme parks, as well as the success of our linear and streaming multimedia platforms “.
So how are things at Disney World right now? Well, the third quarter was the first time Disney Parks made a profit since the pandemic began. They came out this quarter with a total of $ 4.3 billion in revenue, but only $ 356 million in operating revenue. Note that these numbers are for Disney’s Parks, Experiences, and Products division, which includes more than just theme parks.
Of the $ 4.3 billion in revenue, 2.6 billion came from national parks and 526 million from international parks, with 1.1 billion more from consumer products. Revenue from national parks was about $ 2 million in the third quarter.
How does this compare to Disney’s past? Well, while Universal Orlando breaks all-time records, Disney is still struggling to recoup the profits of 2019. During the same quarter of 2019, Disney Parks, Experiences and Products earned a total revenue of $ 6.575 billion. And in 2018, that figure was $ 6.136 billion.
No specific numbers have been shared for Disney World, but it doesn’t look like Orlando’s main resort is breaking any records right now. Either way, we’ll make sure to keep you informed of all the financial news when Disney shares its fourth quarter earnings soon! Stay tuned to AllEars for Disney and Universal news!
Click here for details on Disney’s latest earnings!
Have you been to Disney World or Universal Orlando since they reopened? Let us know in the comments!
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